List of Statutory Registers a Private Limited Company Must Maintain Running a Private Limited Company in India comes with several compliance requirements, including maintaining statutory registers. These registers serve as official records of the company’s activities and must be kept up-to-date as per the Companies Act, 2013. Failing to maintain these registers can lead to … Read more
Guide on Preparation and Maintenance of Fixed Asset Register (FAR) Introduction A Fixed Asset Register (FAR) is a critical record that helps businesses track their fixed assets, such as land, buildings, machinery, furniture, and vehicles. Proper maintenance of the FAR ensures compliance with the Income Tax Act, 1961, and the Companies Act, 2013, while also assisting … Read more
Board Resolution format for Company Trademark Application In this post, we are sharing a Board Resolution format for Company Trademark Application / Registration. A trademark is a valuable intellectual property asset that protects a company’s brand, logo, or business identity. To safeguard the company’s brand name and prevent unauthorized use, it is essential to apply … Read more
Can a salaried person be a director in a company? Yes, a salaried person can become a Director in a company, but there are some legal and contractual points to keep in mind: Types of Directors a Salaried Person Can Become Executive Director (Whole-Time Director) – If the salaried person wants to be actively involved … Read more
Board Resolution Format for Appointment of Director Appointing a new director is an important step for any company. Directors play a key role in guiding the company’s growth, ensuring legal compliance, and protecting the interests of shareholders. Whether it’s to fill a vacancy, bring in new skills, or strengthen the leadership team, choosing the right … Read more
Cash Balance Confirmation Certificate format A Cash Balance Certificate is an essential document used to confirm the cash balance of a company as of a specific date, providing reliable evidence of cash holdings for auditors. This guide offers a ready-to-use format for a Cash Balance Certificate, along with key points to ensure it meets audit … Read more
Salary paid to the director’s relative as a full-time employee is related party transaction? Yes, salary paid to the relative of the Director or a related party who is employed as a full-time employee is considered a related party transaction (RPT). Even if the related party is employed full-time, the transaction (salary payment) must be … Read more